G COM3401_AU20_Module 6: Wed... G things to do in boston - Google Se. 6.4.2 You plan on retiring and want to have 1300000 in your account at the time of retirement. You plan on saving 3000 per month and can earn an interest rate of 0.7% per month. How long do you need to save to reach to your target. + Pick one of the following 222.22 months 199.92 months 188.88 months 211.11 months Add your answer Question 6 1 Point 6.5 Your insurance agent is trying to sell you an annuity that costs $200,000 today. By buying this annuity, your agent promises that you will receive payments of $1,500 per month for the next 30 years. What is the monthly rate of interest on this investment? 0.686% B 0.75W 0.22% D 0.6796 1 Point Blackboard Leam 6.6 Your bank offers two Saving accounts. The Gold account offers 3% APR compounded daily. The Platinum account offers 3.01% APR compounded semiannually. Which one is better for you to invest your money? Gold because its EAR - 3.045% B Platinum because its EAR is 3.033 Gold because its APR = 3% Platinum because its APR is 3.01 Question 8 1 Point 6.7 A credit card offers APR-23% compounded monthly. What is the EAR on this card? Pick one of the following: 23.33 24.44 25.59